The New York Times reported in December that:
It's irresponsible that nowhere in Coke's financial statements is there any mention of billions of dollars in potential liabilities that Coca-Cola is currently facing. These potential liabilities include lawsuits alleging human rights abuses in Guatemala, illegal outsourcing in Mexico that is cheating workers and the Mexican government out of pay and tax revenues and contamination of residents' drinking water in Paw Paw, Michigan.
In India, after years of lying and denying any wrongdoing, the Company will have to pay an estimated $48 million, or more, to compensate victims in Plachimada for water pollution, agricultural losses and endangering the health of thousands. And this is just the tip of the iceberg regarding environmental damage that Coca-Cola and its operations are causing in India, China, El Salvador and Kenya.
Could it be that birds of a feather flock together? Why would Coke want its reputation besmirched by a relationship with Ernst & Young? Why would Ernst & Young want its reputation besmirched by a relationship with Coca-Cola?
Perhaps we should begin to clean up our own act and vote against the appointment of Ernst & Young.